PRIMERICA PRACTICE EXAM TEST A 75 MOCK
TEST WITH ANSWER RATIONALES 2026
◉ 2. A technique used to determine the amount of life insurance
needed by focusing on the projected earning potential of an insured
is called the:
A. Needs approach.
B. Future income option.
C. Human life value approach.
D. Life income approach.
Answer: Human life value approach
◉ 3. When replacing a policy the producer must present the
applicant with a Notice Regarding Replacement of Life Insurance:
A. At the policy delivery date.
B. 7 days after the initial meeting.
C. On the date the underwriter approves the policy.
D. At the time of taking the application.
Answer: At the time of taking the application
◉ 4. The possibility of a financial loss incurred by a life insurance
company for the premature death of an insured is known as a:
,A. Peril.
B. Risk.
C. Hazard.
D. Loss.
Answer: Risk
◉ 5. The Medical Information Bureau (MIB) is a nonprofit trade
association that maintains:
A. Motorist information on applicants for life and health insurance.
B. Medical information on applicants for life and health insurance,
C. Maternity information on female applicants for life and health
insurance.
D. Classifications of risk for previous policies.
Answer: medical information on applicants for life and health
insurance
◉ 6. A person who signs a fraudulent claim form may be found guilty
of:
A. Rebating.
B. Perjury.
C. Misdemeanor.
D. Misrepresentation.
Answer: perjury
, ◉ 7. Which policy is a combination of annual renewable term
insurance and interest-sensitive cash value?
A. Universal life
B. Adjustable life
C. Renewable term life
D. Interest-sensitive whole life
Answer: universal life
◉ 8. The right to a full refund of premiums for insureds age 60 or
older is:
A. 10 days.
B. 14 days.
C. 20 days.
D. 30 days.
Answer: 30 days
◉ 9. The premium modes can be best described as the:
A. Amount of premium payment.
B. Method of premium payment.
C. Frequency of premium payment.
D. Calculation of premium payment.
TEST WITH ANSWER RATIONALES 2026
◉ 2. A technique used to determine the amount of life insurance
needed by focusing on the projected earning potential of an insured
is called the:
A. Needs approach.
B. Future income option.
C. Human life value approach.
D. Life income approach.
Answer: Human life value approach
◉ 3. When replacing a policy the producer must present the
applicant with a Notice Regarding Replacement of Life Insurance:
A. At the policy delivery date.
B. 7 days after the initial meeting.
C. On the date the underwriter approves the policy.
D. At the time of taking the application.
Answer: At the time of taking the application
◉ 4. The possibility of a financial loss incurred by a life insurance
company for the premature death of an insured is known as a:
,A. Peril.
B. Risk.
C. Hazard.
D. Loss.
Answer: Risk
◉ 5. The Medical Information Bureau (MIB) is a nonprofit trade
association that maintains:
A. Motorist information on applicants for life and health insurance.
B. Medical information on applicants for life and health insurance,
C. Maternity information on female applicants for life and health
insurance.
D. Classifications of risk for previous policies.
Answer: medical information on applicants for life and health
insurance
◉ 6. A person who signs a fraudulent claim form may be found guilty
of:
A. Rebating.
B. Perjury.
C. Misdemeanor.
D. Misrepresentation.
Answer: perjury
, ◉ 7. Which policy is a combination of annual renewable term
insurance and interest-sensitive cash value?
A. Universal life
B. Adjustable life
C. Renewable term life
D. Interest-sensitive whole life
Answer: universal life
◉ 8. The right to a full refund of premiums for insureds age 60 or
older is:
A. 10 days.
B. 14 days.
C. 20 days.
D. 30 days.
Answer: 30 days
◉ 9. The premium modes can be best described as the:
A. Amount of premium payment.
B. Method of premium payment.
C. Frequency of premium payment.
D. Calculation of premium payment.
